Eastport inc. was organized on June $5,$ Year $1.$ It wis authorized to issue $470,000$ shares of $$9$ par common stock and $35,000$ shares of $ percent cumulative class A preferred stock. The class A stock had a stated value of $$25$ per share. The following stock transactions pertain to Eastport inc:

Issued $23\mathrm{.}000$ shares of common stock for $$14$ per share.

Issued $8,000$ shares of the class A preferred stock lor $$30$ per share.

Issued $48,000$ shares of common stock for $$17$ per share.

Required

Prepare the stockholders' equily section of the balance sheet immedlately atter these transactions have been recognized.